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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans, including fees $ 71,270 $ 57,154
Securities, taxable 2,444 2,131
Securities, tax-exempt 977 876
Interest-earning deposits 2,033 324
Total interest income 76,724 60,485
Interest expense    
Deposits 22,224 7,907
Short-term borrowings 1,654 459
Federal Home Loan Bank advances 3,399 1,794
Subordinated debt and other borrowings 2,086 1,941
Total interest expense 29,363 12,101
Net interest income 47,361 48,384
Provision for credit losses 1,300 600
Net interest income after provision for credit losses 46,061 47,784
Noninterest income:    
Mortgage banking income 2,343 1,216
Interest rate swap fees 1,339 1,037
Payroll services income 896 746
Earnings on bank owned life insurance 1,172 401
Other income 1,466 515
Total noninterest income 10,868 6,951
Noninterest expense    
Salaries and benefits 18,237 16,682
Occupancy 2,289 2,289
Furniture and equipment depreciation, rent and maintenance 929 822
Data processing costs 3,289 3,162
Charitable foundation contributions 703 10
Other expense 4,497 5,634
Total noninterest expense 29,944 28,599
Income before federal income tax expense 26,985 26,136
Federal income tax expense 5,423 5,162
Net income $ 21,562 $ 20,974
Basic earnings per share (in dollars per share) $ 1.34 $ 1.31
Diluted earnings per share (in dollars per share) $ 1.34 $ 1.31
Average basic shares outstanding (in shares) 16,118,858 15,996,138
Average diluted shares outstanding (in shares) 16,118,858 15,996,138
Service Charges on Deposit and Sweep Accounts [Member]    
Noninterest income:    
Noninterest revenue $ 1,531 $ 976
Credit and Debit Card [Member]    
Noninterest income:    
Noninterest revenue $ 2,121 $ 2,060